Britain has launched its new system of financial supervision, hoping that two new regulators will succeed where a single one failed in preventing banking crises and protecting consumers from getting fleeced.
Experts say the real test of the new system will not come until boom times return and regulators get a chance to prove they have the mettle to rein in excesses.
via Business feed http://www.scmp.com/business/banking-finance/article/1206058/uk-launches-new-financial-regulators-real-test-come
No comments:
Post a Comment